You have written a nice book. Yes, the tragedy of the commons must be solved by property rights. Tell that to Japan, Spain, Norway etc. that are vacuum cleaning the seas.
Thanks, it was a lot of work.
Yes, the tragedy of the commons must be solved by property rights. Tell that to Japan, Spain, Norway etc. that are vacuum cleaning the seas.
About which we don't do anything because we owe them money. Meanwhile, we write regulations that actually cut coastal productivity! Yep, it's a big problem. My opinion is that humans now have the means to settle the ocean with maritime nations and GPS determined property lines. It would be a good thing. Keep the UN out of it.